Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 106

Posts Tagged ‘Ireland’

euNetworks Delivers New Critical Fibre Infrastructure in the UK and Ireland

Posted by fidest press agency su giovedì, 7 novembre 2019

euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, today announced that it has undertaken a strategic investment, building critical internet infrastructure linking Dublin to London and Lowestoft. This state of the art, ultra high capacity duct and dark fibre system utilises new ultra low loss fibre to deliver the lowest cost per bit. That specification plus the unique routing of the system meets the needs of companies transporting multiple terabits of data traffic. Dublin via submarine cable to Southport, and then on to Manchester, London, and Lowestoft, directly connecting key data centres. This major investment in UK national infrastructure compliments euNetworks’ ongoing investment in Dublin, London and Manchester. It also delivers the first new subsea cable system (Rockabill) in the North Irish sea for some years.
euNetworks is focused on delivering high bandwidth data centre to data centre connectivity between and within cities in Europe. Super Highway 1 will support the ongoing investment by companies building out data centres in metropolitan areas, as well as expanding their presence in regions.Construction started in March 2019 and services will be delivered to customers in week commencing 25 November 2019. This new ultra low loss network is entirely new fibre deployment. It includes 1,000 kilometres of high fibre count cable, 340 new chambers, 239 new fibre joints, 2 new cable landing stations and 4 new ILA/PoP sites. The low loss fibre deployed on the terrestrial route is Corning SMF28 Ultra G657 fibre. Corning SMF28-ULL G654C has been used in the Rockabill subsea system.The new subsea cable has been optimised for lowest attenuation, with a subsea distance beach man hole to beach man hole of 221km. The route follows a historically established highly reliable subsea corridor, while being diverse from other live and planned systems. euNetworks worked with McMahon Design & Management Ltd (“MDM”) to undertake the subsea build, with MDM managing the development concept, permitting, licensing and cable lay. The shore end work at Portrane and then Southport was undertaken in July 2019 and the main lay cable works completed in early September 2019.

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Apre il Museum of Literature Ireland (MoLI)

Posted by fidest press agency su sabato, 3 agosto 2019

Dublino Venerdì 20 settembre 2019 alle ore 17, in occasione dei festeggiamenti per la Culture Night 2019, il Museo della Letteratura Irlandese (MoLI) aprirà le porte per la prima volta nello storico scenario della UCD Newman House a St. Stephen’s Green, Dublino. Nato dall’importante collaborazione e alleanza creativa tra University College Dublin (UCD) e National Library of Ireland (NLI), con il sostegno della Naughton Foundation e di Fáilte Ireland, il Museum of Literature Ireland (MoLI) è una nuova istituzione culturale di richiamo nel cuore della capitale d’Irlanda. Il museo racconta la cultura letteraria irlandese, famosa in tutto il mondo, e ne celebra il lascito, capace di ispirare visitatori di ogni età a creare e immergersi nella lettura e nella scrittura.
Situato nel pittoresco lato sud di St. Stephen’s Green in una delle dimore storiche più belle di Dublino, il MoLI trae ispirazione dall’opera del più famoso scrittore irlandese, James Joyce, e il nome del museo “MoLI” ricorda quello del suo personaggio femminile più conosciuto, Molly Bloom.Il MoLI propone mostre ed esposizioni dinamiche e immersive che raccontano la storia della cultura d’Irlanda a partire dalla tradizione dei cantastorie, fino ai più famosi scrittori contemporanei. Il museo espone numerosi tesori letterari appartenenti alle collezioni della National Library tra cui la primissima copia dell’Ulisse di James Joyce, quaderni di appunti trascritti a mano da Joyce sempre sull’Ulisse e interessanti lettere, tra cui una di Joyce indirizzata a WB Yeats.La spettacolare struttura della UCD (University College of Dublin) Newman House è stata sottoposta ad un attento processo di restauro e ammodernamento durato anni, sotto la guida del pluripremiato studio di architettura Scott Tallon Walker. L’edificio storico è il sito originario della UCD ed ha rappresentato un importante luogo di conoscenza per una miriade di scrittori irlandesi tra cui James Joyce, Flann O’Brien, Maeve Binchy e Mary Lavin. Il poeta Gerard Manley Hopkins ha persino vissuto nel palazzo per qualche tempo. Il MoLI intende perpetuare questa significativa storia di conoscenza grazie ad un programma di iniziative gratuite rivolto a tutte le scuole del paese, ad eventi letterari e di scrittura, a letture pubbliche, performance, dibattiti e forum e a una biblioteca di ricerca su Joyce che sarà accessibile a studenti, esperti e al pubblico in generale. Accanto ai tour sulla storia dell’edificio, alle opere d’arte contemporanee, ad una spettacolare caffetteria nel cortile dell’edificio, circondata da tranquilli giardini nascosti e ad un negozio che raccoglie il meglio dell’editoria e delle arti irlandesi, il MoLI offre nuove esibizioni temporanee nel corso di tutto l’anno, la prima delle quali sarà incentrata su Kate O’Brien scrittrice nata a Limerick ed ex studentessa della Newman House. Il MoLI ospita inoltre uno studio radiofonico digitale nel quale si tengono interviste, letture, dibattiti ed eventi con scrittori, poeti, artisti, performer, educatori e accademici da tutta l’Irlanda e dall’estero. La stazione radiofonica interna tramette 24 ore al giorno in tutto il mondo attraverso il canale radio.moli.ie.
Il MoLI sarà aperto dalle 17 alle 22 venerdì 20 settembre in occasione dei festeggiamenti per la Notte della Cultura 2019 e la prima sera l’ingresso sarà gratuito. Il MoLI aprirà poi ufficialmente al pubblico sabato 21 settembre. I biglietti possono già essere acquistati sul sito web http://www.moli.ie oppure presso il museo e partono da €6.

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Ceridian Launches Dayforce in Ireland

Posted by fidest press agency su giovedì, 1 agosto 2019

Ceridian HCM Holding Inc. (NYSE: CDAY) (TSX: CDAY), a global human capital management (HCM) technology company, today announced plans to launch its cloud platform, Dayforce, in Ireland. Companies operating in the Irish market will be able to take advantage of Dayforce’s single solution combining payroll with deep talent management functionality. On the heels of Dayforce’s launch in the UK last year, today’s announcement reflects Ceridian’s continued commitment to enable Dayforce customers around the world to work smarter and ignite the power of their people.“Disruption has become a business reality for today’s employer and companies must embrace digital transformation strategies, supported by technologies like Dayforce, to remain competitive and be successful,” said David Ossip, Chairman and CEO, Ceridian. “With companies facing heightened scrutiny to meet regulatory changes, the launch of Dayforce in Ireland will help support our customers in maintaining compliance with local laws and minimizing operational risk.”

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Workhuman Named The Best Workplace in Ireland

Posted by fidest press agency su venerdì, 8 marzo 2019

Workhuman® (formerly Globoforce), the Irish technology firm, today announced that it has been named as The Best Workplaces in Ireland 2019 by the Great Place to Work Institute®. Workhuman was ranked number one in the medium-sized workplace category and continues its run as the most successful Irish technology company of all time. This is the seventh year in a row that Workhuman has been recognised as a top Irish workplace for high scores on an employee survey and an assessment of its workplace culture and practices. As the world’s fastest-growing integrated social recognition and continuous performance management platform, Workhuman helps brands around the world connect culture to shared purpose.
“This prestigious accolade is the perfect illustration of the power of bringing gratitude into every business, as the more gratitude in a company, the better it performs. We practice what we preach and know that our mission and people have made Workhuman the most successful Irish technology company in history,” said Niamh Graham, vice president of global HR at Workhuman. “Our human applications are shaping the future of work by helping organisations, including ours, connect culture to shared purpose. At Workhuman, we continue to invest in our people by giving them a sense of purpose, meaning and empowerment through our platform, as they are at the very heart of our great culture and of our continued success. Receiving this great award fills not only me, but our entire organisation with great pride.” “Securing a place on the list of Best Workplaces in Ireland is a greater achievement that ever before. These organisations have opened up to us, giving us a deep understanding of the culture that drives their performance. Even though we’re dealing with an unprecedented level of economic and political uncertainty, these Irish organisations are ready to deal with the challenges: they have built agility and plasticity into the core of their workplaces, developing the high levels of trust that are critical for adaptability,” said John Ryan, CEO of Great Place to Work® Ireland.In May 2017, Workhuman unveiled its new Dublin headquarters in Park West and announced the creation of 100 jobs as the company continues to expand globally. In February 2019, Workhuman is proud to announce the addition of 150 jobs at its Dublin HQ, which further demonstrates its continued success and commitment to Ireland.The award was presented at a ceremony at the Clayton Hotel on Burlington Road, Dublin, on Wednesday 27th February.

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AM Best Assigns Credit Ratings to Athora Life Re Ltd. and Athora Ireland plc

Posted by fidest press agency su giovedì, 24 gennaio 2019

AM Best has assigned the Financial Strength Ratings of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” to Athora Life Re Ltd. (Athora Re) (Bermuda) and Athora Ireland plc (Athora Ireland) (Ireland). The outlooks assigned to each of these Credit Ratings (ratings) are stable.Athora Re’s ratings reflect its balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). Athora Ireland’s ratings reflect its balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate ERM. The ratings also factor in their strategic importance to Athora Holding Ltd. (Athora). Athora Re and its subsidiary, Athora Ireland, are expected to provide third party and intra-group reinsurance, which are core features of Athora’s business plans.Athora Re is a Bermuda-based life reinsurer wholly owned by Athora, a company established in 2017 to provide acquisition and reinsurance solutions to European life insurers. Based on business plans, Athora Re’s risk-adjusted capitalisation is projected to be maintained at the very strong level, as measured by the Best’s Capital Adequacy Ratio (BCAR), whilst Athora Ireland’s risk-adjusted capitalisation is projected to be maintained at the strongest level. The companies benefit from the financial flexibility of Athora, supported by circa EUR 1.5 billion of undrawn, committed and irrevocable capital from its shareholders. The companies also benefit from Athora’s long-term relationships with its strategic shareholders (Athene Holding Ltd and Apollo), Athora’s access to Apollo’s asset management expertise, and an experienced management team.An offsetting rating factor is Athora’s elevated level of investment risk associated with the ambitious targeted investment returns. AM Best views the investment risk to the group as related primarily to default experience rather than spread variability in light of the targeted low duration gap. A scenario of rising interest rates may increase risk in this respect. The early stage of the company’s business plans means that executing a limited number of large transactions on reasonable terms is important to assembling the projected balance sheets of the group and its member companies. AM Best sees Athora’s business plans as well-timed, and appropriately resourced in the context of a large target market of legacy life insurance portfolios in Europe.Operating performance in the early years of the business plan is not expected to meet the group’s longer term return on equity (ROE) targets as the company builds scale and develops the asset allocation of investments. However, successful implementation of the business plan would lead to attractive ROEs. AM Best expects the companies’ operating performance to benefit over time from higher investment margins driven by investing a prudent proportion of assets in a diversified portfolio of less liquid assets.Athora Re and Athora Ireland’s business profiles cover external reinsurance and intra group reinsurance. Both companies will typically focus on non-participating reinsurance structures. The use of intra group reinsurance is an essential component of Athora’s business plans, which enables the centralisation of liabilities to assist with capital optimization within the group, and provides access to the Bermuda operating environment. Athora Ireland, as an EU-based risk carrier for intra group and external insurance, provides Athora with commercial and regulatory flexibility. AM Best expects the business profiles of Athora Re and Athora Ireland to be driven by the execution of Athora’s business plans, including the acquisition of insurance companies by the group.

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Travelers Europe Introduces Stand-Alone Cyber Product for Businesses in UK and Ireland

Posted by fidest press agency su mercoledì, 11 luglio 2018

Travelers Europe today announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organisations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and first-party cover for losses from cyber attacks. It also provides access to assistance that can help limit client exposures to cyber events, including breach coaches, forensic investigators, public relations support and credit monitoring services. “With cyber threats continuing to evolve, businesses without dedicated cover could find themselves insufficiently protected in the event of a breach,” said Davis Kessler, Head of Cyber at Travelers Europe. “Our global team has created a package designed to help companies navigate their cyber event response so they can return to normal as quickly as possible.”Travelers CyberRisk includes limits up to £10 million across liability, breach response, cyber crime and business loss covers. It is a standalone policy that can be purchased individually or as part of the Travelers Management Liability Package.Travelers has provided cyber-related insurance coverage with robust risk management services for more than 30 years and understands the importance of helping organisations work through an incident, from recovering after a breach to managing expenses associated with an attack. To learn more, contact your insurance broker, or visit travelers.co.uk/cyber.Travelers has operated in Europe for decades in both the general insurance market and through Lloyd’s. Travelers Insurance Company Limited offers business insurance, bond and specialty insurance and risk management services. Travelers Syndicate 5000 at Lloyd’s underwrites specialist and complex business classes, including marine, global property, power and utilities, accident and special risks, aviation and energy. In addition to CyberRisk, Travelers can provide cover for Professional Indemnity, Directors and Officers, Employment Practices Liability, Pension Trustees Liability, Property, Casualty and Crime.

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GLORY Launches Direct Sales & Service Presence in Ireland

Posted by fidest press agency su sabato, 6 gennaio 2018

dublinoDublino. GLORY Ltd announced that it has completed a business purchase through acquiring the assets of Semeci Limited, a leading provider of cash automation solutions to the retail banking industry in Ireland, who traded as Cash Handling Systems (CHS).
Ireland represents an important growth market for Glory. In 2016, economic growth exceeded that of any other country in the Eurozone resulting in increased investment in bank branches and retail stores. With around 70% of all retail transactions completed in cash, businesses across the country are recognising the opportunities presented by automating their cash operations to reduce costs and refocus staff on higher value customer facing activities.Commenting on the acquisition Akihiro Harada, CEO of Glory Global Solutions, said, “This acquisition supports Glory’s strategy of expanding our international business through providing sales and maintenance service directly to our end customers. This is very much in line with the company’s growth strategy, focussing more of our management resources on the expansion of our business beyond Japan.”
Vincent Nakache, Glory’s President Europe, Middle East and Africa said, ‘CHS has been a successful Glory partner with an excellent track record. With Ireland experiencing a resurgent economic climate and a positive growth outlook, we believe the additional synergy and resources that a direct Glory presence offers, coupled with the relationships the existing team has in place, will bring many benefits both to existing and new customers.”John Corcoran, Director of Semeci Limited, commented, “We are delighted to be joining the Glory family. Glory is a world leader in cash technology solutions and we have enjoyed a long association with them. The acquisition means that our customers will have direct access to the extended Glory team while enjoying continuity of the individual relationships we have nurtured over the years. I am very much looking forward to my continued involvement in the business and working closely with my new Glory colleagues.”The new subsidiary company will trade as Glory Ireland.

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AGER to Acquire Aegon Ireland

Posted by fidest press agency su domenica, 13 agosto 2017

dublinoDublino. AGER Bermuda Holding Ltd. (“AGER”), the holding company of Athene Holding Ltd.’s (“Athene”) European group companies, announced today that it will acquire Aegon Ireland plc (“Aegon Ireland”), a Dublin-based insurer. Consideration for the transaction will be approximately 81% of the own funds of Aegon Ireland as of closing. Solvency II own funds of Aegon Ireland were approximately £200 million ($260 million) as of 30 June 2017.
Aegon Ireland provides wealth management and retirement planning products to over 25,000 customers in the United Kingdom and Germany. It had assets of approximately £4.7 billion ($6.1 billion) as of 30 June 2017. The transaction is expected to close by the first quarter of 2018, subject to regulatory approvals.“The successful capital raise by AGER in April 2017 has laid the foundation for our growth in Europe,” said Deepak Rajan, Executive Vice President at AGER. “This transaction is another important step toward our goal of becoming the premier European run-off consolidator and life reinsurance partner.”
“We see significant opportunities with Aegon Ireland. This acquisition gives us a strong platform to accumulate Irish annuities, to create a reinsurance hub in Europe, and to provide services to all AGER group companies including our existing German operations. A presence in Ireland has been part of our strategy from the beginning and Aegon Ireland is a perfect fit for our growth plans,” noted Mr. Rajan.AGER received binding subscriptions through a private placement of common equity securities. The offering involved subscriptions representing approximately €2.2 billion from a number of global institutional investors, including Athene and Apollo Global Management, LLC, and is intended to support capital and reinsurance transactions in the European guaranteed life insurance market. AGER intends to draw capital from this offering prior to the closing of the Aegon Ireland transaction and will result in the deconsolidation of AGER from Athene. Athene will remain a large minority shareholder in AGER in addition to being a preferred reinsurer for AGER’s spread liabilities.Rajan added, “Our goals for Europe are ambitious, but we have the capital, management team and blueprint for the future to become a competitive and permanent player in the market. The Athene Leben platform demonstrates our extensive experience in acquiring, integrating and administering run-off platforms. The acquisition of Aegon Ireland greatly enhances our ability to provide flexible solutions to the European market. This combination positions us well for the future.”AGER is based in Bermuda, the second largest reinsurance market in the world. Bermuda is one of the first countries – among Switzerland and Japan – that has been granted full Solvency II equivalency by the European Commission. AGER’s principal operating subsidiary is Athene Lebensversicherung AG (“Athene Leben”), based in Germany. Athene Leben had €5 billion in invested assets as of 31 December 2016. The company has been in run-off since 2010 and since that time has developed the experience and efficiencies critical to succeed as a run-off specialist.Fenchurch Advisory Partners served as financial advisor, Ernst & Young served as actuarial and tax advisor, Linklaters LLP served as international legal counsel, and Maples and Calder served as Irish legal and tax counsel to AGER.

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Pellegrinaggio delle Reliquie di sant’Antonio in Irlanda e nel Regno Unito

Posted by fidest press agency su giovedì, 10 ottobre 2013

English: Anthony of Pedua with child Jesus

English: Anthony of Pedua with child Jesus (Photo credit: Wikipedia)

In occasione del 750° Anniversario del Ritrovamento della lingua incorrotta di Sant’Antonio, due reliquie del Santo effettueranno dal 17 Ottobre al 4 Novembre un lungo pellegrinaggio da Dublino a Londra fermandosi in diverse importanti città. Il pellegrinaggio inizierà nella Church of the Visitation of the Blessed Virgin Mary a Dublino con
una solenne messa presieduta dal Nunzio Apostolico in Irlanda, l’Arcivescovo Charles Brown, e dall’Arcivescovo di Dublino Diarmuid Martin, primate d’Irlanda. Le reliquie visiteranno poi altre
due chiese della capitale irlandese: the Church of the Immaculate Conception dei frati minori e St Mary of the Angels dei frati capuccini. Le reliquie proseguiranno quindi per le città di Wexford,
Cork, Limerick e Galway dove le celebrazioni in onore del Santo saranno presiedute dai rispettivi vescovi: Dennis Brennan di Ferns, John Buckley di Cork e Ross, Brendan Leahy di Limerick e Martin Drennan di Galway.
In seguito, il pellegrinaggio toccherà (per la prima volta nella storia) Belfast, nell’Irlanda del Nord. Le celebrazioni si terranno nella Cattedrale cattolica di St. Peter’s. Dall’Irlanda del Nord, attraversando via ferry l’Irish Sea, si giungerà in Scozia, a Glasgow. La solenne messa presieduta dal Vescovo Philip Tartaglia sarà celebrata nella chiesa dedicata al Beato Duns Scotus. Il giorno successivo le reliquie verranno portate a St. Mary’s Cathedral in un’ altra città della Scozia, Aberdeen. Qui la messa in onore di sant’Antonio verrà presieduta dal Vescovo Seamus Cunnigham. Nei giorni successivi il pellegrinaggio visiterà le città di Newcastle (St Anthony of Padua Church), Manchester (All Saints’ Church) e Liverpool (St Anthony’s Church) per giungere il 31 Ottobre nell’antica città di Chester, dove la solenne celebrazione nella Chiesa di San Francesco sarà presieduta dal Vescovo Mark Davies.Dal primo al 4 Novembre le reliquie saranno presenti a Londra, e più precisamente nella St
George’s Cathedral (1° Novembre, messa presieduta dall’Arcivescovo Peter Smith), nella
Westminster Cathedral (2 Novembre, messa presieduta dall’Arcivescovo Vincent Nichols, primate
d’Inghilterra e Galles e Presidente della Conferenza Episcopale di Gran Bretagna e Galles) e, infine,
il 3 Novembre, nella chiesa degli Italiani: St Peter’s Church con solenne messa presieduta dal
Nunzio Apostolico in Gran Bretagna, Arcivescovo Antonio Mennini.
Il giorno 4 Novembre una reliquia del Santo verrà portata nel Penitenziario di Pentonville, in
Caledonian Road, nella parte nord di Londra.
Il Pellegrinaggio è stato organizzato dal «Messaggero di Sant’Antonio» in collaborazione con i frati
minori conventuali irlandesi e inglesi. Accompagneranno le reliquie P. Mario Conte e P. Julio Garcia Padron.

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Social Competition in the EU: Myths and Realities

Posted by fidest press agency su martedì, 18 giugno 2013

The debate on social competition, or social dumping, is as old as the European Union itself, yet it has been getting louder in the recent years marked by economic turmoil and high levels of unemployment in many of the member states. Public opinion and politicians are worried that intense competition in the cost of labour between the member states might result in the “race to the bottom” in terms of social standards.This Study by K. Maslauskaite aims at providing a global analysis of the various existing components of social competition in the EU in order to see whether the differences between member states leave enough space for engaging in a generalised “social dumping”. Due to the size limitations, only the general trends on the national level have been observed using the most relevant empirical data.Overall, the analysis reveals some intriguing developments and shows that, generally speaking, there is little space for regime competition between the European “core” and the “new” member states. For example, in terms of productivity-adjusted total labour cost, some of the new member states have not only lost their status of the cheap labour destination, but have also become more expensive than the European core.Unexpectedly, three member states not belonging to the Central and Easter European club, namely the UK, Ireland and to some extent Luxembourg, seem to consistently outperform all the other countries in terms of real labour cost both in direct and indirect terms. In this sense, these countries could be considered as the most realistic suspects of “social dumping”. It does not automatically follow that these member states do engage in social dumping though; it only implies that their economic model is the most efficient in terms of labour cost. After all, as discussed in the Study, disloyal and genuine welfare-enhancing competition might be sometimes difficult to disentangle, which makes the argument of “social dumping” difficult to prove.

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Europe Needs a Social Dimension – Church Leaders Tell Irish EU Presidency

Posted by fidest press agency su mercoledì, 13 marzo 2013

European economic governance needs to be balanced by a social dimension, according to Churches in Europe. At a meeting with the Irish EU Presidency in Dublin this morning (Friday March 8), they questioned the sense in discussing economic austerity without including measures for social cohesion. Efforts aimed at the eradication of structural poverty and inequality should all be considered when measuring economic progress, they maintained.This was the main focus of a delegation of church representatives from across Ireland and Europe who met with the Taoiseach Enda Kenny (the Irish Prime Minister) in Government Buildings. The meeting carried on the tradition of regular encounters between churches and EU Presidencies.In a cordial and open meeting, the delegation, representing the broad spectrum of Christian traditions in Ireland, raised a number of issues for consideration by the Irish EU Presidency including the social and economic crisis in Europe and development aid policy. The group was pleased with the sensitivity to their concerns shown by the Taoiseach and the other members of his delegation.The meeting was organised by the Irish Council of Churches on behalf of the Conference of European Churches (CEC) and the Commission of the Bishops’ Conferences of the European Community (COMECE).
The delegation highlighted the social consequences of the severe economic crisis in the European Union and stated that those consequences were evident in the parishes of all of the churches and were a key concern for churches at local, regional and national level. The Irish churches were particularly concerned about the impact of austerity on present and future generations and on the most vulnerable in Society.While acknowledging that employment and the creation of jobs in Europe was one of the main requirements to overcome the crisis, the churches highlighted the increased numbers of working poor. They urged that a common weekly day of rest, which they described as being a clear and visible sign for the reconciliation of personal, family and professional life, be included in the revision of the working time directive.They also called for greater participation of civil society, social partners and social actors in shaping the National Reform Programs, the National Social Reports and the Country Specific Recommendations.
The delegation stressed that Development aid continues to transform lives and highlighted the importance of EU member states recommitting to meeting overseas development aid targets by 2015. However, the churches spoke of the need to use aid to work towards a situation where countries no longer need aid. To reach that point revenue authorities in developing countries need to be able to collect the correct amount of tax from multinational companies operating in their jurisdiction. Strengthening the capacity of revenue authorities in these countries is important, but tackling the accounting rules and financial regulations that enable this to happen is crucial, the group said.Highlighting recent successful negotiations on banking regulation in Europe completed under the Irish Presidency, the church representatives called for strengthened negotiations on:
Defending the agreement reached on banking reform (CRD) between the Council, Parliament and Commission
Including a robust review clause in the Accounting and Transparency Directives that allows for the inclusion of additional sectors, and more detailed information similar in scope to that agreed in the banking reform agreement
Working towards tackling the insidious impact of tax havens
Implementing the recommendation to OECD countries contained in the 2011 OECD/IMF/UN/World bank report Supporting the Development of More Effective Tax Systems, to conduct a spill over analysis of domestic tax policy to ensure there are no negative consequences for developing countries.

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